Amaroq Ltd. · LSE:AMRQ
Amaroq — AEX Gold — Corporate Update (December 2021)
20 slides from Amaroq's corporate update, December 2021
Slide 1: End of Year Update
END OF YEAR UPDATE December 2021 www.aexgold.com | AIM: AEXG; TSXV: AEX AEX Gold Inc is a Greenland-focused mining company engaged in the identification, acquisition, exploration, and development of gold properties and other strategic mineral assets in Greenland
Slide 2: Disclaimer and Technical Information
DISCLAIMER AND TECHNICAL INFORMATION The information contained herein has been provided solely for information purposes and does not purport to be comprehensive or contain all the information that may be required by recipients to evaluate AEX Gold, Inc (the “Company”). The presentation and the infor
Slide 3: 2021 Nalunaq Drilling Programme
2021 Nalunaq Drilling Programme
Slide 4: 2021 Nalunaq Core Drill Programme
2021 NALUNAQ CORE DRILL PROGRAMME • The 2021 drilling programme has 51 drillholes completed at the former producing Nalunaq Mine now been completed • A total of 51 holes targeted on the newly defined Valley Block drilled • The Valley Block is considered a lateral extension of the mineralization hist
Slide 5: 2021 Nalunaq Core Drill Programme: Dolerite Dyke Model
2021 NALUNAQ CORE DRILL PROGRAMME Dolerite Dyke Model • Early indications corroborate the Company's Dolerite dyke geological model. • This model aims to explain the controls on the location of high grades zones in the deposit and offers the potential for material resource increases Multiple cross cu
Slide 6: Nalunaq Development: Halyard Study
NALUNAQ DEVELOPMENT Halyard study
Slide 7: Canadian Standards of Disclosure for Mineral Project (NI 43-101)
Canadian Standards of Disclosure for Mineral Project (NI 43-101) • Halyard Inc. were commissioned to produce a 3rd party Part B - Engineering Deliverables: Previous Current engineering study. That study concluded advanced engineering to Item AACE Requirements AEX Estimate Classificatio Classificatio
Slide 8: Halyard Study Scope Description
HALYARD STUDY SCOPE DESCRIPTION Process Plant • Feasibility Study level design complete • Includes crushing, milling, gravity, flotation, filtering, gold room, building, Process design, layouts and 3D model HVAC (Heating, Ventilation and Air Conditioning) and fire protection Basic Engineering ready
Slide 9: Highlights from Halyard Study
HIGHLIGHTS FROM HALYARD STUDY • The Halyard study advanced project engineering and refined material quantities and updated pricing for equipment and material • The study confirmed the plant design of 300tpd that can be upgraded to 450tpd (50% capacity increase) with minimal additional capital. This
Slide 10: Incurred Costs
Contract Description Progress INCURRED COSTS No. GRNA-A 1 Permanent Camp Eng Complete GRNA-A 2 Kitchen Equipment Ready for delivery - in storage GRNA-A 3 Temporary Camp Installed GRNA-C 7 Temporary Bridge Installed • GBP 7.15M (C$12.2m) GRNA-M 001B Surface Support Trucks Ready for delivery - in stor
Slide 11: Nalunaq Development Cost Update
NALUNAQ DEVELOPMENT COST UPDATE Revised Nalunaq Development Cost based on Halyard Engineering Study Numbers in CAD Millions (AIM Listing conversion at GBP:CAD 1.70) Mining Inflation as a result of COVID 19 £6.8 £7.1 Compliance Planned Scope £8.5M Changes £13.6 Assumed funding Sources offset against
Slide 12: Overview of Processing Plant
OVERVIEW OF PROCESSING PLANT Scalable from 300 to 350t/day with minimal investment Slide: 11 AEX Gold: End of year update
Slide 13: Process Plant and Major Equipment Purchased
PROCESS PLANT AND MAJOR EQUIPMENT PURCHASED Processing Plant – 50% complete Commercial & Technical Evaluation Completed Slide: 12 AEX Gold: End of year update
Slide 14: Overview of Process Plant
OVERVIEW OF PROCESS PLANT MAIN BUILDING = 125x30m FIRST PERSON VIEW INSIDE PROCESS PLANT Slide: 13 AEX Gold: End of year update
Slide 15: Camp
CAMP OVERVIEW OF PERMANENT CAMP AREA AT BAY Slide: 14 AEX Gold: End of year update
Slide 16: Site Services
SITE SERVICES Critical Fleet Waste Incinerator Ambulance 50 Person All Weather Camp Roads and Bridges Slide: 15 AEX Gold: End of year update
Slide 17: Exploration Portfolio
EXPLORATION PORTFOLIO
Slide 18: Exploration Activities
EXPLORATION ACTIVITIES Successfully completing 8 further exploration programmes 4 Sava - 29Cu 79Au 92U 30Zn 41Nb/REE Nanoq – 79Au geological mapping, surface sampling, ionic geochemistry and 446 km2 airborne geophysics 6 Detailed structural mapping and sampling as well as drill targeting 1 Tartoq –
Slide 19: Appendix
AEX Gold APPENDIX
Slide 20: Contact Us
www.aexgold.com CONTACT US AEX GOLD INC 3400 One First Canadian Place, PO Box 130, Toronto, On, M5X 1A4, Canada Eldur Olafsson, Chief Executive Officer AIM: AEXG; TSXV: AEX